EX-7.02 2 v331062_ex7-02.htm SUMMARY TRANSLATION OF TERMS OF THE LOAN

Exhibit 7.02

Summary Translation of Terms of the Loan

  

Borrower: Yongye International Limited
   
Lender: China Development Bank Corporation
   
Commitment: US$99 million.
   
Purpose: To finance the going-private transaction of Yongye International, Inc.
   
Term: One (1) year, commencing December of 2012 and ending on December of 2013.
   
Interest Rate: 6-month US$ LIBOR + 300BP.
   

Overdue Interest Rate:

 

Misuse of Proceeds Interest Rate:

Interest Rate plus 1.00%.

 

Interest Rate plus 3.00%.

   
Governing Law: People's Republic of China law