EXHIBIT 99.2
Summary Translation of the Loan Agreement
Borrower: | Yongye International Limited |
Lender: | China Development Bank Corporation |
Commitment: | US$99 million. |
Purpose: | To finance the going-private transaction of Yongye International, Inc. |
Term: | One(1) year, commencing in December of 2012 and ending in December 2013. |
Interest Rate: | 6-month US$ 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 |