SMSA Treemont Acquisition Corp - FORM 10-Q - EX-10.10 - May 15, 2012

Attached files

file filename
EXCEL - IDEA: XBRL DOCUMENT - SMSA Treemont Acquisition CorpFinancial_Report.xls
10-Q - FORM 10-Q - SMSA Treemont Acquisition Corpd342049d10q.htm
EX-32.1 - EX-32.1 - SMSA Treemont Acquisition Corpd342049dex321.htm
EX-10.9 - EX-10.9 - SMSA Treemont Acquisition Corpd342049dex109.htm
EX-10.2 - EX-10.2 - SMSA Treemont Acquisition Corpd342049dex102.htm
EX-10.3 - EX-10.3 - SMSA Treemont Acquisition Corpd342049dex103.htm
EX-32.2 - EX-32.2 - SMSA Treemont Acquisition Corpd342049dex322.htm
EX-10.6 - EX-10.6 - SMSA Treemont Acquisition Corpd342049dex106.htm
EX-31.2 - EX-31.2 - SMSA Treemont Acquisition Corpd342049dex312.htm
EX-10.5 - EX-10.5 - SMSA Treemont Acquisition Corpd342049dex105.htm
EX-10.7 - EX-10.7 - SMSA Treemont Acquisition Corpd342049dex107.htm
EX-10.4 - EX-10.4 - SMSA Treemont Acquisition Corpd342049dex104.htm
EX-10.8 - EX-10.8 - SMSA Treemont Acquisition Corpd342049dex108.htm
EX-10.1 - EX-10.1 - SMSA Treemont Acquisition Corpd342049dex101.htm
EX-31.1 - EX-31.1 - SMSA Treemont Acquisition Corpd342049dex311.htm
EX-10.11 - EX-10.11 - SMSA Treemont Acquisition Corpd342049dex1011.htm

Exhibit 10.10

Loan Agreement between Shandong Xiangrui and China Everbright Bank, Qingdao Jiaozhou Branch, dated April 16, 2012, for a RMB 20 million loan

Main contents:

 

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Contract No.: Guan Yin Jiao Yin Zi No. 2011076

 

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Loan Amount (RMB): RMB 20,000,000 Yuan

 

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Purpose of the Loan: payment to vendor

 

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Contract Term: 6 months, from April 16, 2012 to October 16, 2012

 

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Interest Rate:

 

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The processing fee is 0.05%;

 

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Shandong Xiangrui is required to deposit 50% of the loan amount as restricted cash

 

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No interest during the 6 month loan period

 

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Penalty interest rate for delayed repayment: 0.05% per day

 

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Guarantee

 

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Ruixing Group provided a guarantee for this loan

 

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Shandong Xiangrui used its land use rights as collateral for this loan, the collateral agreement # 2011076

SMSA Treemont Acquisition Corp Reports