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Contract Number: _________
Lender: AAA Bank, _________ Branch, _________ Subranch
Legal Representative: _________ Position: _________
Address: _________
Telephone: _________
Borrower:
BBB., Ltd.
Address: _________
Legal Representative: _________ Position: _________
Telephone: _________
WHEREAS: Party A desires to borrow working capital loan from the Lender for
business operation. In accordance with the related laws and stipulations, in
consideration of the mutual promise and to clarify the rights and obligations of
each party, both parties agree to enter into this agreement and execute under
this agreement.
1. Variety: Short term Revolving Fund.
2. Loan Amount: Reiminbi 50 million.
3. Purpose: The loan is used in working Capital Turnover and can not be
appropriated for other purpose without the written approval of the Lender.
4. Loan Term: The duration of the loan under this agreement is twelve months which
from _________,_________,_________(M,D,Y) to
_________,_________,_________(M,D,Y).
5. Interest rate and calculation of Interest:
5.1 Interest rate: [***]
During the loan term, the interest rate will be adjusted in accordance with the
provisions of the Peoples Bank in the event the Peoples Bank adjust the loan
interest rate.
5.2 Calculation of Interest:
Interest shall accrue from drawdown date and be calculated [***]. The due date is
[***] of very month (due date).
5.3 Payment of interest:
The Borrower shall pay off [***] interest on the due date. The Lender have the
right to deduct the interest from the Borrowers bank account in the Lender. The
Lender could collect compound interest in the event t
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