Attached files
Exhibit 10.19
Loan Agreement, dated February 21, 2011, by and among the
Fifth Season General Merchandise
Investment Management Co., Ltd. and Shanghai Shencai Pawnbroker Co., Ltd.
- Main contents:
- Contract No.: nil
- Borrower: Fifth Season General Merchandise Investment Management Co., Ltd.
- Lender: Shanghai Shencai Pawnbroker Co., Ltd
- Loan Amount (RMB): 5.55 million RMB Yuan
- Contract Term: from February 21, 2011 to April 20, 2011
- Interest Rate:
- The monthly interest rate is 0.3%, and monthly general fee rate is 2.7%;
- Penalty interest rate for delayed repayment: 0.3% of the loan per day and other relevant fees;
- Rights and Obligations of the Lender:
- Lender shall disburse the loan in a timely manner pursuant to the agreement.
- Lender shall execute the mortgage right in case of breach of contract of the Company.
- Rights and obligations of the borrower
- Borrower is entitled to obtain and use the loan pursuant to the agreement.
- Borrower shall return the principal and interests timely. Borrower can extend the term of the loan when getting the consent of Lender pursuant to the agreement.
- Consent of Lender should be obtained when any of the Borrowers guaranties or mortgages on his (her) major assets for a third party is possible to be detrimental to Borrowers capability of repayment under the agreement.
- Borrower guarantee all of its statement is true and accurate
- Borrower bears the relevant fees under the agreement.
- Prepayment of the Loan:
Lender’s consent should be obtained if Borrower is willing to prepay the loan. The interest rate of prepayment shall accord with the agreement.- Liabilities of Breach of Contract:
Penalty interest rate for delayed repayment: 0.3% of the loan per day and relevant fees. Liquidated damages for 20% of the loan shall be imposed on the Company and the guarantor and mortgagor in case of the Company’s breach of contract etc.- Guarantee of the loan:
The loan is secured by Mortgage Contract by .the Company with Contract No. 310-30-L-6.
- Headlines of the articles omitted
- Dispute settlement
- Miscellaneous
- Effectiveness
- Mortgage and Guarantee Clause
- Attention
Signature Page
Party A (Lender): Shanghai Shencai Pawnbroker Co., Ltd.
Representative: Xingjing Qi
By: /seal/ Shanghai Shencai Pawnbroker Co., Ltd.
/s/ Xingjing Qi
Date: February 21, 2011
Party B (Borrower): The Fifth Season General Merchandise Investment
Management Co., Ltd.
Representative: Lide Zhu
By: /seal/ the Fifth Season General Merchandise Investment Management Co.,
Ltd.
/s/ Lide Zhu
Date: February 21, 2011
Party C (Mortgager): The Fifth Season General Merchandise Investment
Management Co., Ltd.
Representative: Lide Zhu
By: /seal/ the Fifth Season General Merchandise Investment Management Co.,
Ltd.
/s/ Lide Zhu
Date: February 21, 2011