Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - SMSA Treemont Acquisition CorpFinancial_Report.xls
10-K - FORM 10-K - SMSA Treemont Acquisition Corpd314908d10k.htm
EX-31.1 - EX-31.1 - SMSA Treemont Acquisition Corpd314908dex311.htm
EX-32.1 - EX-32.1 - SMSA Treemont Acquisition Corpd314908dex321.htm
EX-10.58 - EX-10.58 - SMSA Treemont Acquisition Corpd314908dex1058.htm
EX-10.60 - EX-10.60 - SMSA Treemont Acquisition Corpd314908dex1060.htm
EX-10.55 - EX-10.55 - SMSA Treemont Acquisition Corpd314908dex1055.htm
EX-10.59 - EX-10.59 - SMSA Treemont Acquisition Corpd314908dex1059.htm
EX-10.57 - EX-10.57 - SMSA Treemont Acquisition Corpd314908dex1057.htm
EX-10.61 - EX-10.61 - SMSA Treemont Acquisition Corpd314908dex1061.htm
EX-10.56 - EX-10.56 - SMSA Treemont Acquisition Corpd314908dex1056.htm
EX-31.2 - EX-31.2 - SMSA Treemont Acquisition Corpd314908dex312.htm

Exhibit 10.54

Loan Agreement between Shandong Xiangrui and China Everbright Bank, Qingdao Jiaozhou Branch, dated October

18, 2011, for a RMB 40 million loan

Main contents:

 

   

Contract No.: Guan Yin Jiao Yin Zi No. 2011077

 

   

Loan Amount (RMB): RMB 40,000,000 Yuan

 

   

Purpose of the Loan: payment to vendor

 

   

Contract Term: 6 months, from October 18, 2011 to April 18, 2012

 

   

Interest Rate:

 

  The processing fee is 0.05%;

 

  Shandong Xiangrui is required to deposit 50% of the loan amount as restricted cash so that Shandong Xiangrui obtained net of RMB 20 million cash from this loan.

 

  No interest during the 6 month loan period

 

  Penalty interest rate for delayed repayment: 0.05% per day

 

   

Guarantee

 

  Ruixing Group provided a guarantee for this loan

 

  Shandong Xiangrui used its land use rights as collateral for this loan (collateral agreement # 2011076)

 

  Shandong Xiangrui also used RMB 20 million ($3.2 million) cash as collateral for this loan.