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 |