EX-10.6 2 ex106.htm EXHIBIT 10.6 Unassociated Document
Exhibit 10.6
 
TAI WAH TIMBER FACTORY LIMITED
 
Agreement
Aug 23, 2010
   
Banking Facilities granting to Green Dragon Wood Products Co. Ltd.
 
   
Effective Date 
 01-Sep-10
   
Combined Import Loan & LC 
HKD 5,000,000.00
   
Commission   3.5% on invoice amount
include LC opening comm., custom declaration fee
 
exclude insurance, exchange difference, LC amendment & other bank charges incurred
 
   
Overdue Interest (per annum)   0% within 60 days*
  18% over 60 days*
   
* grace period 15 days, will not charge interest.  
   
agreed by  
 
 
     
       
 
 
   
   
for and on behalf of
 
   
Green Dragon Wood Products Co. Ltd.