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Title: |
Financing Agreement |
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Entities: |
People’s Bank; Shenzhen ACTO Digital Video Tech. Co., Ltd.; China Construction Bank Shenzhen Branch; ACTO Digital Video USA Inc. |
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Date: |
2003 |
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Size: |
Preview shows 2KB of 20KB total |
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Price: |
$43 |
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ID: |
#147673 |
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RMB FINANCING AGREEMENT
Agreement No. 2003 0166204R
Financing type: working capital loan
Loanee: Shenzhen ACTO Digital Video Tech. Co., Ltd.
Address:2608-2616 Floor 26, Huaneng Plaza, Shennan Zhonglu, Shenzhen City
Legal representation: Xie Jing
Loaner: China Construction Bank Shenzhen Branch
Person in Charge: Sun Jiancheng
Sub-branch: Rong Chao sub branch
Address: Unit 206-206, Building 22, Rong Chao Garden, Long Gang Disc.,
Shenzhen City
Postcode: 518112
Fax: 0755-28584871
Tel: 0755-28584860
1
{PAGE}
Loanee (Party A): Shenzhen ACTO Digital Video Tech. Co., Ltd.
Loaner (Party B): China Construction Bank Shenzhen Branch
Party A seeks loan from Party B and Party B agrees to finance Party A. Both
parties agree the following articles according to relevant regulations and laws.
ARTICLE ONE:
Party A borrowed RMB10,000,000 Yuan (US$1,204,819) from Party B.
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ARTICLE TWO:
The loan will be used for working capital of Party A.
ARTICLE THREE: TERM OF LOAN
The term of this loan is one year starts from March 26th, 2003 to March 25th,
2004.
If the starting date of loan of this contract is different from the loan
indenture, the date of the loan indenture of first round loan will be used as
the standard. The loan indenture is part of this contract and has the same legal
effectiveness of this contract.
ARTICLE FOUR: LOAN INTEREST, INTEREST CALCULATION AND INTEREST CLEARANCE
1. The loan interest of this contract is 0.4425% per month.
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2. Interests of the loan will be calculated from the date the loan is
transferred to Party A's account and the interest will be paid monthly on
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