EX-4.12 5 ea020440601ex4-12_chanson.htm ENGLISH TRANSLATION OF WORKING CAPITAL LOAN AGREEMENT DATED DECEMBER 26, 2023, BETWEEN XINJIANG UNITED FAMILY AND XINJIANG URUMQI RURAL COMMERCIAL BANK

Exhibit 4.12

 

 

Xinjiang Urumqi Rural Commercial Bank Co., Ltd

 

Enterprise working capital loan contract

 

 

Xinjiang Uygur Autonomous Region Rural Credit Cooperatives Association printed

 

 

 

 

Part two, special terms

 

Article 2 8 the covenant

 

28.1 The Lender

 

name Xinjiang Urumqi Rural Commercial Bank Co., LTD
certificate type business license ID Number [*]
legal representative Li Qiang

Business

contact person

Wang Rui
postal address Xinjiang Urumqi County board house ditch Town Road
zip code 830000 contact number [*]
fax number   Other modes of communication  

  

28.2 The Borrower

 

Borrower name Xinjiang United Family Trading Co., Ltd
certificate type business license ID Number [*]
legal representative Bao-lin Wang

accredited representati

ve

 

 

postal address

[*]
zip code 830000 contact number [*]
fax number  

Other modes of

communication

 

 

28.3 The Guarantor

 

 

 

Name of mortgagor

 
 
 
 
 
 

 

 

Name of the

 
 
 

pledgee  
 

 

2

 

   

 

 

Name of guarantor

Wang Xiaochen, Zhang Yue
 
 
 
 
 

 

Article 29, loan details

 

Loan types working capital loans

 

value of loan

the capital form of a Chinese numeral

RMB three million only

the ordinary form of a Chinese numeral

RMB 3,000,000 only

 

credit period

 

In total, [12] months

From [2023.12.26] To [2024.12.25]

intended use of the loan

payment of rent

 

 

lending rate

 

Interest rate type

☒ Fixed rate / floating rate

If it is the floating interest rate, then the interest rate adjustment method is

☐  Immediate adjustment / ☐ next period / ☐ January 1 / credit date

 

 

exercise rate

The Loan Prime Rate (LPR) issued by the People's Bank of China [plus / minus

205.00 basis points], the current LPR

is [3.450000%], so the annual interest rate is [5.500000%].

I n t e r e s t

c a l c u l a t i o n m e t h o d

1. Simple interest ☐; 2. Compound interest ☒.

 

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29.1 In case of differences between the capital form of a Chinese numeral and the ordinary form of a Chinese numeral under this contract, the capital form shall prevail.

 

29.1.1 If the term of the loan hereunder is inconsistent with the actual fund withdrawal date, the loan term shall start on the first fund withdrawal date, the fund withdrawal date shall be subject to the receipt evidencing the withdrawal, which shall be an integral part of this contract and shall have the same legal effect as this contract.

 

Article 30, repayment method

 

30.1 The Borrower and the Lender agree to pay the principal and interest in the following way [30.1.3]:

 

30.1.1 The interest shall be repaid to the principal and interest of the loan in a lump sum upon maturity.

 

30.1.2 [     ] (month / quarter / year) and repayment at maturity.

 

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30.1.3  Interest settlement by [month] (month / quarter / year), and any repayment method.

 

30.1.4  Pay the interest by [     ] (month / quarter / year), and repay by the plan. The specific repayment time and amount are as follows:

 

order number Repayment time Amount of repayment principal (in words)
     

 

30.1.5 Other repayment methods: [     ]

 

30.2 The borrower specifies the account number: [*] as the loan issuance and fund withdrawal and principal and interest repayment account.

 

Article 3 1 Loan guarantee

 

The guarantor provides guarantee for the loan under this contract, and the guarantee content shall be subject to the provisions of the guarantee contract.

 

Article 32 Other agreed matters: [     ]

 

Article 33. This contract is made in [4] originals, including the borrower, lender, guarantor and the notary public or the mortgage registration authority shall hold one copy each, which shall have the same legal effect.

 

(below are the signature pages)

 

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Statement: The Lender has advised the Borrower, the mortgagor, the pledgor and / or the guarantor of the relevant terms (especially the boldface terms), the Lender has explained the concept, content and legal effect of the relevant terms, this person has known and understood the above terms, and confirms that there is no misunderstanding or doubt about this contract.

 

The borrower, mortgagor, pledgor and / or guarantor in the corresponding signature column.

 

The borrower’s signature

The Borrower / Legal Representative (Responsible Person) / Authorized Agent:

 

 

 

 

 

 

 

 

 

The mortgagor’s signature

Mortgagor / Legal representative (responsible person) / authorized agent:

 

 

 

 

 

 

   

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The guarantor’s signature

 

Guarantor / legal representative (responsible person) / authorized agent

 

 

  

 

                                                          

 

 

The pledgee’s signature

The Pledgor / Legal Representative (responsible person) / Authorized Agent:

 

 

 

 

 

 

The lender’s signature

Principal

  (signature):
 
                                                  

 

The Lender Owner     
(Signature and seal)  (signature
  and seal):

date of   

contract

 

 

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