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24.10.2020
Laptop from Hell From 24.10.2020, hourly evidence from Hunter Biden's laptop will be released on GNews.org. 13 days. It's about more than the Biden family. The final battle against the CCP and the Deep State is now on!
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Hunter Biden's loan agreement to finance 10% equity stake in Bohai Harvest RST
| English | German |
| The Loan Agreement signed by Hunter Biden to get finance for the 10% equity interest in Bohai Harvest RST | Hunter Biden's loan agreement to finance 10% equity stake in Bohai Harvest RST |
| LOAN AGREEMENT This Loan Agreement (this "Agreement") is made on July 10, 2017 by and among Mr. Xiangsheng Li (a HK resident with HK ID No. PXXXXXXX, the "Lender") on the one hand, and Mr. Robert Hunter Biden (a USA resident with passport No. XXXXXXX, "Mr. Biden"), Mr. Eric D. Schwerin (a USA resident with passport No. XXXXXXX, "Mr. Schwerin"), and Skaneateles, LLC (a limited liability company registered under the laws of the District of Columbia, USA, "Skaneateles", together with Mr. Biden and Mr. Schwerin collectively referred to as the "Borrowers" and individual as a "Borrower" on the other hand. WHEREAS: Bohai Harvest RST (Shanghai) Equity Investment Fund Management Co., Ltd is a company established in the People's Republic of China (registration number 310000400727130) with a registered capital of RMB30,000,000 ("BHR") on December 16, 2013 (Registration Date), of which Skaneateles subscribed to RMB3,000,000 ("Committed Capital") in return for 10% of equity interest in BHR (the "Equity Interest"); As of the date hereof, Skaneateles has paid RMB1,987,104 of its Committed Capital, with RMB1,012,896 committed but which remains unpaid (the "Unpaid Capital"); Pursuant the relevant provisions of the constitutional documents of BHR, the Committed Capital is required to be paid in full within two (2) years of BHR's Registration Date; In order to comply with its commitments with respect to the payment of the Committed Capital, the Borrowers wish to borrow from the Lender and the Lender agrees to lend to the Borrowers a United States Dollar term loan, in accordance with and subject to the terms and conditions hereof. NOW THEREFORE, the parties hereto agree as follows: Principal of the Loan: the Lender agrees to provide to the Borrowers and the Borrowers agree to accept from the Lender a term loan, in United States Dollars, an amount equivalent to the Unpaid Capital, being RMB1,012,896 (the "Loan"). Joint and Several Liability: the Borrowers shall be jointly and severally liable for the obligations under this Agreement and each Borrower jointly and severally guarantees to the Lender the performance by each other Borrower of its obligations under this Agreement. Purpose of the Loan: each Borrower undertakes to apply all amounts of the Loan solely and exclusively towards the payment of the Unpaid Capital. Disbursement of the Loan: each Borrower hereby authorizes and instructs the Lender (i) to the extent permitted by applicable law, to directly disburse the Loan to the account of BHR or (ii) to disburse the Loan to an account designated by the Borrower in writing no less than five (5) Business Days prior to the proposed drawdown of the Loan. Notwithstanding the foregoing, the Loan made under this Agreement shall be deemed to have been made to the Borrowers and the Borrowers waive all rights of protest it may have to the contrary. Term of the Loan: the term of the Loan shall commence from the date on which the Loan is disbursed in accordance with paragraph 4 above and shall end on the date falling 365 days thereafter (the "Initial Maturity Date") and can be extended to seek later date as the parties may agree otherwise in writing (each such later date being an "Extended Maturity Date"). | Loan Agreement This loan agreement (this "Agreement")will be signed on 10 July 2017 by and between Mr Li Xiangsheng (residing in HK, HK-ID No. PXXXXXXX to the "Lender") on the one hand and Mr. Robert Hunter Biden (resident in the USA, passport No. XXXXXXXXX, "Mr. Biden"), Mr. Eric D. Schwerin (residing in the United States, passport No. XXXXXXXXX, "Mr. Schwerin"), and Skaneateles, LLC (a limited liability company registered under the law of the District of Columbia, USA, jointly referred to as "borrower" and individually referred to as a "borrower ") on the other hand. Bohai Harvest RST (Shanghai) Equity Investment Fund Management Co., Ltd. is a company established in the People's Republic of China (registration number 310000400727130) with a registered capital of RMB30,000,000 ("BHR") on 16 May 1898. The 2013 "Registration Date") signed by Skaneateles 3,000,000 RMB ("Committed Capital") in return for 10% of the equity participation in BHR ("Equity Participation"); Until the date of this document, Skaneateles has paid in RMB 1,987,104 of its tied capital, where by 1,012,896 RMB is tied up but not paid in (the "unpaid capital"); In accordance with the relevant provisions of the constitutional documents of the BHR, the committed capital must be paid in full within two (2) years of the registration date of the BHR; In order to meet their obligations to pay the promised capital, borrowers wish to borrow from the lender and the lender agrees to grant borrowers a US dollar loan on the terms and conditions set out herein. NOW BEFORE, the parties agree: Loan capital: The lender undertakes to grant a loan to borrowers, and the borrowers undertake to accept from the lender a temporary loan in US dollars equal to the unpaid capital of RMB 1,012,896 (the "loan"). Joint and several liability: Borrowers shall be jointly and severally liable for the obligations under this Contract, and each borrower shall jointly and severally guarantee the borrower the fulfilment of its obligations under this contract by any other borrower. Purpose of the loan: Each borrower undertakes to use all loan amounts alone and exclusively for the payment of the unpaid capital. Payment of the loan: Each borrower authorizes and hereby instructs the lender to (i) pay the loan directly to the BHR's account by the time permitted by applicable law, or (ii) to pay the loan to an account designated in writing by the borrower at least five (5) business days prior to the planned use of the loan. Notwithstanding the foregoing, the loan granted under this Agreement shall be deemed to have been paid out to the borrowers and the borrowers shall waive all possible pro-rata opposition rights. Duration of the loan: The term of the loan begins on the date on which the loan is disbursed in accordance with paragraph 4 above and ends on the day 365 days thereafter (the "original due date") and may be extended to a later date which the parties may otherwise agree in writing (each of these later dates is an"extended due date"). |
| Interest Payment: the Loan shall accrue interest at a per annum rate of 6.5%. The Borrowers shall pay accrued interest, in United States Dollars, on the Loan on the Initial Maturity Date and, as applicable, on each Extended Maturity Date. Repayment of Loan: subject to set-off of the Loan pursuant to paragraph 8 below, the Borrowers shall repay all outstanding amount of the Loan, in United States Dollars (or if the parties agree otherwise, in another currency), in full on the Initial Maturity Date, or, as applicable, on the Extended Maturity Date. Set-off: the Lender shall be entitled, and the Borrowers hereby irrevocably authorizes the Lender, to set off, from time to time, any and all dividends and distributions payable to Skaneateles from BHR (collectively the "Distributions") against the repayment of the Loan, regardless of place or currency of the Distribution. If a Distribution is in a currency other than United States Dollars, the Lender may convert the Distribution at a market rate of exchange in its usual course of business for the purpose of the set-off. Security Interest: in consideration of and as security for the Lender granting the Loan and to secure the repayment and performance of the Loan, the Borrowers irrevocably grant to the Lender a security interest in the Equity Interest. Each Borrower represents and warrants that (a) the Equity Interest, except for the security interest created in, is free and clear of any other security interest or liens; (b) neither the granting of the security interest in the Equity Interest nor the execution and performance of this agreement requires the consent of any other person, | Interest payment: The loan is interest-bearing at an annual interest rate of 6.5%. Borrowers will pay accrued interest in U.S. dollars on the loan on the original due date and, where applicable, on any extended due date. Repayment of the loan: Subject to the settlement of the loan referred to in paragraph 8 below, borrowers shall repay in full the entire outstanding loan amount in US dollars (or, if otherwise agreed, in another currency) on the original due date or, where applicable, on the extended due date. Settlement: The lender is entitled, and the borrower hereby irrevocably authorizes the lender to offset from time to time all dividends and distributions to Skaneateles (collectively, the "distributions") with the repayment of the loan, regardless of the location and currency of the distribution. If a distribution is made in a currency other than US dollars, the lender may convert the distribution for the purpose of clearing at a market exchange rate in its usual course of business. Security law: In return and as collateral for the lender granting the loan and to secure the repayment and performance of the loan, the borrowers irrevocably grant the lender a right to secure the equity participation. Each borrower warrants and warrants that (a) equity participation, with the exception of the security right created herein, is clean and free of any other security rights or liens; (b) neither the granting of the right of security in the participation nor the execution and performance of this contract requires the consent of any other person. |
| Borrowers Undertakings: each Borrower undertakes to (a) execute and deliver such further documents and instruments from time to time, and to take such other further actions as may be required or appropriate from time to carry out the intent and purposes of perfecting the security interest created and intended to be created under paragraph 9 (including the filing of statements any under any applicable legislation with respect to the security created interest herein); (b) not sell, transfer, pledge, encumber or otherwise dispose of any of the equity interest; (c) not create, incur or permit to exist any security interest or liens over the equity interest other than created pursuant to this agreement. Event of Default and Remedies: any one of the following occurrences shall constitute an "Event of Default" under this Agreement: a Borrower does not pay on the due date any amount payable pursuant to this Agreement; a Borrower becomes insolvent or bankrupt or is presumed or deemed to be unable to pay its debts as they fall due; any corporate action or legal proceeding or other procedure is taken in relation to (i) the suspension of payments, a moratorium of any indebtedness, winding-up, dissolution of a Borrower, or (ii) the appointment of a liquidator, receiver, administrator or similar officer in respect of a Borrower or any of its assets or (iii) the enforcement of any (c) security over any assets of a borrower; Skaneateles ceases to be wholly-owned and controlled by Mr. Biden and/or Mr. Schwerin; or a Borrower does not comply with any covenant or undertaking contained in this agreement. On and at any time after the occurrence of an Event of Default, the Lender may declare (without notice or demand of any kind to the Borrowers or any other person) that all or part of the Loans, together with accrued interest, be immediately due and payable, whereupon the loans will immediately become due and payable. The Lender shall be entitled to pursue all remedies otherwise available under this Agreement and under applicable laws including but not limited to taking enforcement actions against the pledged Equity Interest. No Waiver: no single or partial exercise of any right hereunder shall preclude other or further exercises thereof or the exercise of any other right granted hereunder. Any delay or omission on the part of Lender in exercising any right hereunder shall not operate a waiver of such right, or of any other right under this Agreement. The remedies and rights provided in this agreement are cumulative and not exclusive of any rights or remedies provided by law. | Borrower obligations: Each borrower undertakes to (a) from time to time draw up and deliver additional documents and instruments and to take other measures necessary or appropriate from time to time to fulfil the intention and purpose of perfecting the security right to be established and to be established in accordance with paragraph 9 (including the submission of declarations in accordance with the applicable legislation relating to the safeguarding right established here); (b) not to sell, transfer, pledge, debit or otherwise dispose of the holding; (c) not to create, create or permit the existence of any security or lien in the participation, except in the form established in accordance with this Agreement. Event of default and remedies: Each of the following events constitutes an "event of non-performance" within the meaning of this Agreement: a borrower on the due date shall not pay any amount payable in accordance with this Agreement; a borrower becomes insolvent or insolvent or is presumed or presumed not to be able to pay off his debts at maturity; company law measures or legal proceedings or other proceedings related to (i) suspension of payments, a moratorium on any debt, liquidation, liquidation, dissolution of a borrower or (ii) the appointment of a liquidator, liquidator, administrator or similar official in relation to a borrower or one of its assets, or (iii) the enforcement of (c) collateral in a borrower's assets; Skaneateles ceases to be wholly owned and controlled by Mr Biden and/or Mr Schwerin; or a borrower fails to comply with any representation or obligation contained in this Agreement. At and after the occurrence of a default event, the lender may declare (without notice or request to the borrower or any other person) that all or part of the loans, together with the accrued interest, are immediately due and payable, after which the loans become due and payable immediately. The Lender shall be entitled to pursue all remedies available otherwise under this Agreement and under applicable law, including, but not limited to, the initiation of enforcement action against the pledged shares. No waiver: No single or partial exercise of any right under this Agreement precludes any other or re-exercise of that right or the exercise of any other right granted in this Agreement. Any delay or omission by the Lender in the exercise of any right under this Agreement shall not constitute a waiver of such right or any other right under this Agreement. The remedies and rights provided for in this Agreement are cumulative and not exclusive to the rights and remedies provided for by law. |
| Successors: the consent of the Borrowers is not required for any assignment or transfer by the Lender and this Agreement shall inure to the benefit of Lender and its successors and assigns. No Borrower may assign any of its rights or obligations under this Agreement. Severability: any provision of this agreement which is invalid, illegal or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective to the extent of such invalidity, illegality or unen forceability, without affecting in any way the remaining provisions hereof in such jurisdiction or rendering that or any other provision of this agreement invalid, illegal or unenforceable in any other jurisdiction. The parties hereof shall, through fair consultations, make reasonable efforts to replace those invalid, illegal or non-enforceable provisions with valid provisions that may bring the similar economic effects with the effects caused by those invalid, illegal or non-enforceable provisions. Governing Law: this Agreement shall be governed by and construed in accordance with the laws of the People's Republic of China (which for purposes of this agreement shall not include Taiwan or the special administrative regions of Hong Kong and Macau). Arbitration: if the parties hereto are unable to settle any dispute arising from or in connection with the provisions of this Agreement through mediation or consultation, any party hereto can submit the dispute for final and binding arbitration to the China International Economic and Trade Arbitration Commission ("CIETAC") in Beijing for arbitration pursuant to then-valid arbitration rules of CIETAC. The arbitral award shall be final and binding on the parties. [Remainder of this page intentionally left blank.] | Successor: The borrower's consent is not required for a transfer or transfer by the lender, and this agreement shall benefit the lender and his successors and assignees. No borrower may assign its rights and obligations under this Agreement. Severability Clause: Any provision of this Agreement that is invalid, unlawful or unenforceable in any jurisdiction shall be void in respect of such jurisdiction to the extent of such invalidity, illegality or inapplicability, without in any way affecting the remaining provisions of this Agreement in this Jurisdiction or making this or any other provision of this Agreement invalid, unlawful or unenforceable in any other jurisdiction. The parties will make reasonable efforts through fair consultations to replace the invalid, unlawful or unenforceable provisions with valid provisions that have economic effects similar to those of invalid, unlawful or unenforceable provisions. Governing Law: This Agreement is governed by and construed in accordance with the laws of the People's Republic of China (which do not include Taiwan or the Hong Kong and Macau Special Administrative Regions for the purposes of this Agreement) and is construed in accordance with these laws. Arbitration: If the Parties are unable to resolve disputes arising out of or in connection with the provisions of this Agreement by mediation or consultation, either Party may submit the dispute to the China International Economic and Trade Arbitration Commission ("CIETAC") in Beijing for final and binding arbitration in order to initiate arbitration in accordance with the then applicable CIETAC Arbitration Rules. The award is final and binding on the parties. [The rest of this page was intentionally left blank.] |
| (Signature Page) Lender Xiangsheng Li Signature: Borrower Robert Hunter Biden Signature: Borrower Eric D. Schwerin Signature: Borrower Skaneateles, LLC Authorized representative: | (Signature page) Lender Xiangsheng Li Signature: Borrower Robert Hunter Biden Signature: Borrower Eric D. Schwerin Signature: Borrower Skaneateles, LLC Agent Representative: |
| AMENDMENT No. 1 TO THE LOAN AGREEMENT DATED JUNE 30, 2017 This Amendment Agreement No. 1 (this "Amendment") is made on October 31, 2018 by and among the following parties (each a "Party" and together the "Parties"): (a) Mr. Xiangsheng Li (a HK resident with HK ID No. PXXXXXXX, the "Original Lender"), (b) Mr. Robert Hunter Biden (a USA resident with passport No. XXXXXXX, "Mr. Biden"), (c) Mr. Eric D. Schwerin (a USA resident with passport No. XXXXXXX, "Mr. Schwerin"), (d) Skaneateles, LLC (a limited liability company registered under the laws of the District of Columbia, USA, "Skaneateles", together with Mr. Biden and Mr. Schwerin collectively referred to as the "Borrowers" and individually as a "Borrower", (e) Ms. Xin Wang (Canada Passport No. XXXX," WHEREAS: 1. the Original Lender and the Borrowers entered into a loan agreement dated June 30, 2017 (the "Loan Agreement") pursuant to which it was agreed that the Original Lender would make certain advances to Skaneateles for the purpose of funding its registered capital obligations to BHR; 2. the Original Lender did not have sufficient funds to make the entire Loan as stipulated in the Loan Agreement and the New Lender stepped in to make a direct loan to the Borrowers in the amount of US'158,000 (the "New Loan") on December 4, 2017; NOW THEREFORE, the Parties agree as follows: 1. The Parties agree that the Loan Agreement will be amended as follows: paragraph 1 of the Loan Agreement shall be deleted in its entirety and replaced with the following: "Principal of the Loan: the New Lender agrees to provide to the Borrowers and the Borrowers agree to accept from the New Lender a term loan in the aggregate of US'I58,000 (theLoan' ); (b) all references in the Loan Agreement to the "Lender" shall be deleted and replaced with "New Lender"; | CHANGE No 1 TO THE LOAN CONTRACT OF JUNE 30, 2017 This Amending Agreement No. 1 (this"Amendment")is concluded on 31 October 2018 by and between the following parties (each one "Party" and together the "Parties"): (a) Mr Xiangsheng Li (residing in Hong Kong with HK-ID No. PXXXXXXX, the "original lender"), (b) Mr. Robert Hunter Biden (resident in the United States with passport No. XXXXXXXXX, "Mr. Biden"), (c) Mr. Eric D. Schwerin (resident in the United States with passport No. XXXXXXXXX, "Mr. Schwerin"), (d) Skaneateles, LLC (a limited liability company registered under the law of the District of Columbia, USA, "Skaneateles", together with Mr. Biden and Mr. Schwerin, collectively referred to as "borrowers" and individually as "borrowers"), (e) Ms. Xin Wang (Canadian Passport No. XXXXXXXX, the "New Lender"). WHEREAS the original lender and the borrowers entered into a loan agreement of 30 June 2017 (the "loan agreement") agreeing that the original lender would grant Skaneateles certain advances to finance its share capital obligations to the BHR; the original lender did not have sufficient funds to grant the entire loan as set out in the loan agreement, and the new lender stepped in on 4 December 2017 and granted borrowers a direct loan of USD 158,000 (the "new loan"); NOW BEFORE, the parties agree that the loan agreement will be amended as follows: paragraph 1 of the loan agreement will be completely deleted and replaced by the following wording: "Loan capital: the new lender agrees to grant a loan to the borrowers, and the borrowers agree to accept a temporary loan totalling USD 158,000 from the new lender (the 'loan'; all references to the "lender"in the loan agreement shall be deleted and replaced by 'new lender'; |
| the Loan was disbursed on December 4, 2017 from which date interest will start accruing in accordance with paragraph 6 of the Loan Agreement; the Initial Maturity Date for the Loan is December 4, 2018 and the parties agree to extend the Initial Maturity Date to December 13, 2019. The Original Lender and each Borrower agree and acknowledge that the Loan, in its entirety, was disbursed by and is owed to, the New Lender, and that all payments and repayments due under the Loan Agreement shall be made to and for the benefit of the New Lender. Paragraphs 12, 13 and 14 of the Loan Agreement are incorporated in and references to "Agreement" are deemed to be references to "Amendment". Governing Law: this Amendment shall be governed by and construed in accordance with the laws of the People's Republic of China (which for purposes of this agreement shall not include Taiwan or the special administrative regions of Hong Kong and Macau). Arbitration: if the parties are unable to settle any dispute arising or in connection with the provisions of this Amendment through mediation or consultation, any party here to submit the dispute for final and binding arbitration to the China International Economic and Trade Arbitration Commission ("CIETAC") in Beijing for arbitration pursuant to then-valid arbitration rules of CIETAC. The arbitral award shall be final and binding on the parties. [Remainder of this page intentionally left blank.] | the loan was disbursed on 4 December 2017; interest shall be payable in accordance with paragraph 6 of the loan agreement from that date; the original maturity date for the loan is 4 December 2018, and the parties agree to extend the original due date until 13 December 2019. The original lender and each borrower agree and acknowledge that the loan in its entirety was disbursed and owed by the new lender and that all payments and repayments due under the loan agreement are made to and for the benefit of the new lender. Paragraphs 12, 13 and 14 of the Loan Agreement are incorporated herein and references to "Contract" are considered to refer to "amendment". Governing Law: This amendment is governed by and construed in accordance with the laws of the People's Republic of China (which do not include Taiwan or the Hong Kong and Macau Special Administrative Regions for the purposes of this Agreement) and shall be construed in accordance with these laws. Arbitration: If the parties are unable to resolve disputes arising out of or in connection with the provisions of this Amendment through mediation or consultation, either party may submit the dispute to the China International Economic and Trade Arbitration Commission ("CIETAC") in Beijing for final and binding arbitration in order to initiate arbitration in accordance with the then applicable CIETAC Arbitration Rules. The award is final and binding on the parties. [The rest of this page was intentionally left blank.] |
| (Signature Page) Oreginal Lender Xiangsheng Li Signature: New Lender Xin Wang Signature: Borrower Robert Hunter Biden Signature: Borrower Eric D. Schwerin Signature: Borrower Skaneateles, LLC Authorized representative: | (Signature page) Original Lender Xiangsheng Li Signature: New Lender Xin Wang Signature: Borrower Robert Hunter Biden Signature: Borrower Eric D. Schwerin Signature: Borrower Skaneateles, LLC Agent Representative: |
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