China Development Bank Domestic Factoring Financing Contract (With Recourse) (No. 1510201301400078488) (This Is a Selective and Summary Translation for Reference Only)Factoring Financing Contract • March 17th, 2014 • Yongye International, Inc. • Agricultural chemicals
Whereas, the factoring financing applicant Inner Mongolia Yongye Nongfeng Biotech Co., Ltd. (hereinafter, the “Seller”) proposes to adopt the sell-on-credit method in selling goods and services to the Buyers (the Seller’s trading partners) hereunder and agrees to transfer the corresponding accounts receivable to China Development Bank (Inner Mongolia Branch) (hereinafter, “CDB”) for recourse factoring financing from CDB.
