China Customer Relations Centers, Inc. - FORM S-1/A - EX-10.8 - EXHIBIT 10.8 - January 5, 2015

Attached files

file filename
S-1/A - AMENDMENT NO. 1 TO FORM S-1 - China Customer Relations Centers, Inc.d794658ds1a.htm
EX-5.2 - EXHIBIT 5.2 - China Customer Relations Centers, Inc.d794658dex52.htm
EX-10.10 - EXHIBIT 10.10 - China Customer Relations Centers, Inc.d794658dex1010.htm
EX-10.9 - EXHIBIT 10.9 - China Customer Relations Centers, Inc.d794658dex109.htm
EX-3.1 - EXHIBIT 3.1 - China Customer Relations Centers, Inc.d794658dex31.htm
EX-23.1 - EXHIBIT 23.1 - China Customer Relations Centers, Inc.d794658dex231.htm
EX-10.16 - EXHIBIT 10.16 - China Customer Relations Centers, Inc.d794658dex1016.htm
EX-10.13 - EXHIBIT 10.13 - China Customer Relations Centers, Inc.d794658dex1013.htm
EX-10.12 - EXHIBIT 10.12 - China Customer Relations Centers, Inc.d794658dex1012.htm
EX-10.15 - EXHIBIT 10.15 - China Customer Relations Centers, Inc.d794658dex1015.htm
EX-10.11 - EXHIBIT 10.11 - China Customer Relations Centers, Inc.d794658dex1011.htm
EX-10.14 - EXHIBIT 10.14 - China Customer Relations Centers, Inc.d794658dex1014.htm

Exhibit 10.8

Summary Translation of

Loan Agreement for Working Capital

Lender: Industrial Bank Co., Ltd Taian Branch

Borrower: Shandong Taiying Technology Co., Ltd

 

1. Purpose of loan agreement.

The purpose of the loan agreement is to allow the Borrower to finance its working capital needs (including equipment purchases).

 

2. Amount of loan.

RMB 10,000,000

 

3. Loan term.

The loan term is twelve months, from July 17, 2014 to July 16, 2015.

 

4. Interest rate and method of payment.

Interest shall be paid monthly. The interest rate is adjustable during the term, and the annual borrowing interest rate is approximately 135% of the prevailing PRC prime rate.

 

5. Repayment Date.

The Borrower shall repay all loan proceeds in a lump sum on the maturity date.

 

6. Prepayment.

The Borrower must obtain the Lender’s written consent if it desires to prepay the loan in advance of its maturity date. There is no prepayment penalty if the Lender accepts the Borrower’s prepayment request.

 

6. Guarantee.

The loan is guaranteed by Gary Wang and Taishan Venture Investment Co., Ltd.

7. Liability of breach of contract.

If there is a breach of the terms of the agreement, the Lender has the right, among other actions, to: 1) accelerate the loan (including all fees, costs and interest); 2) unilaterally terminate the agreement; and 3) deduct from the Borrower’s bank accounts opened at the Lender without judicial process, to pay principal, interest and other expenses due pursuant to the agreement.

 

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