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 | |
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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.
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The borrower’s signature |
The Borrower / Legal Representative (Responsible Person) / Authorized Agent:
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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
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The pledgee’s signature | ||
The Pledgor / Legal Representative (responsible person) / Authorized Agent:
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The lender’s signature | ||
Principal | ||
(signature): | ||
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The Lender | Owner | |
(Signature and seal) | (signature | |
and seal): | ||
date of contract |
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