Unassociated Document



 



	 
Summary Translation

	Exhibit 4.57





 



Domestic Factoring Agreement







Contract No.:04020203-2010(EFR)00005







Borrower:Shijie Kaiyuan Auto Trade Co., Ltd.


Lender:ICBC Bank Hebei Branch


Signing Date:July 30, 2010


Loan Amount:RMB84, 000,000


Length of maturity:From August 5, 2010 to May 29, 2011


Use of Loan:- Vehicle Purchases


Loan Interest:5.31%


Date of Draft: August 5, 2010


Withdrawal Amount:RMB84,000,000


Payment Method:  Repayments of the loan shall be in accordance with the Transfer Schedule of Accounts Receivable attached hereto.


Repayment Date:May 29, 2011





















  





  











  






 



	 
Summary Translation

	Exhibit 4.57







Domestic Factoring Agreement







Contract No.:04020203-2010(EFR)00009







Borrower:Shijie Kaiyuan Auto Trade Co., Ltd.


Lender:ICBC Bank Hebei Branch


Signing Date:August 14, 2010


Loan Amount:RMB45,000,000


Length of maturity:From August 17, 2010 to June 10, 2011


Use of Loan:- Vehicle Purchases


Loan Interest:5.31%


Date of Draft: August 17, 2010


Withdrawal Amount:RMB45,000,000


Payment Method:  Repayments of the loan shall be in accordance with the Transfer Schedule of Accounts Receivable attached hereto.


Repayment Date:June 10, 2011





















  





  











  






 



	 
Summary Translation

	Exhibit 4.57







Domestic Factoring Agreement







Contract No.:04020203-2010(EFR)00013







Borrower:Shijie Kaiyuan Auto Trade Co., Ltd.


Lender:ICBC Bank Hebei Branch


Signing Date:August 18, 2010


Loan Amount:RMB45,000,000


Length of maturity:From August 18, 2010 to June 15, 2011


Use of Loan:- Vehicle Purchases


Loan Interest:5.31%


Date of Draft: August 18, 2010


Withdrawal Amount:RMB45,000,000


Payment Method:  Repayments of the loan shall be in accordance with the Transfer Schedule of Accounts Receivable attached hereto.


Repayment Date:June 15, 2011


























  





  











  






 



	 
Summary Translation

	Exhibit 4.57







Domestic Factoring Agreement







Contract No.:04020203-2010(EFR)00015







Borrower:Shijie Kaiyuan Auto Trade Co., Ltd.


Lender:ICBC Bank Hebei Branch


Signing Date:August 19, 2010


Loan Amount:RMB40,000,000


Length of maturity:From August 20, 2010 to June 17, 2011


Use of Loan:- Vehicle Purchases


Loan Interest:5.31%


Date of Draft:August 20, 2010


Withdrawal Amount:RMB40,000,000


Payment Method:  Repayments of the loan shall be in accordance with the Transfer Schedule of Accounts Receivable attached hereto.


Repayment Date:June 17, 2011





















  





  











  






 



	 
Summary Translation

	Exhibit 4.57







Domestic Factoring Agreement







Contract No.:04020203-2010(EFR)00017







Borrower:Shijie Kaiyuan Auto Trade Co., Ltd.


Lender:ICBC Bank Hebei Branch


Signing Date:August 23, 2010


Loan Amount:RMB36,000,000


Length of maturity:From August 23, 2010 to June 19, 2011


Use of Loan:- Vehicle Purchases


Loan Interest:5.31%


Date of Draft:August 23, 2010


Withdrawal Amount:RMB36,000,000


Payment Method:  Repayments of the loan shall be in accordance with the Transfer Schedule of Accounts Receivable attached hereto.


Repayment Date:June 19, 2011