EX-4.80 9 v408481_ex4-80.htm EXHIBIT 4.80

 

Exhibit 4.80

 

Loan Agreement

 

Contract No. :ABC(2012)1011-1 13062020140000226

 

Borrower : Shijie Kaiyuan Auto Trading Group Co., Ltd.

 

Lender : Agricultural Bank of China, Shijiazhuang North City Branch

 

Signing Date : March 30, 2014

 

Loan Amount : RMB20,000,000

 

Length of maturity : From March 30, 2014 to September 26, 2014

 

Use of Loan : Vehicle Purchase

 

Loan Interest : 6.72%

 

Debt Note: Debt note is one of the part of the contract, not specified in the contract or records do not match the loan amount, date of draft, repayment date stated on the debt note, the loan documents shall prevail.

There are three Debt Note of the contract:

 

  1. Date of Draft : March 30, 2014
    Draft Amount: RMB20,000,000

 

Withdrawal Amount : RMB20,000,000

 

Payment Method : The principal shall be fully repaid with interest at the maturity date of the loan.

 

Repayment Date : September 6,2014

 

Loan Guarantee : Guaranty of Pledge

 

- Shijie Kaiyuan Auto Trading Group Co., Ltd. make pledge account receivable to Agricultural Bank of China, Shijiazhuang North City Branch, with the contract no. ABC(2012)1011-7 2014033003