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Global Backbone Technology Ltd. – IPO: ‘F-1’ on 9/14/22 – ‘EX-10.2’

On:  Wednesday, 9/14/22, at 6:01am ET   ·   Accession #:  1829126-22-16848   ·   File #:  333-267406

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 9/14/22  Global Backbone Technology Ltd.   F-1                   15:6.1M                                   Empire Filings/FA

Initial Public Offering (IPO):  Registration Statement by a Foreign Issuer   —   Form F-1

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: F-1         Registration Statement by a Foreign Issuer          HTML   2.05M 
 2: EX-1.1      Underwriting Agreement or Conflict Minerals Report  HTML    510K 
 3: EX-3.1      Articles of Incorporation/Organization or Bylaws    HTML     89K 
 4: EX-4.1      Instrument Defining the Rights of Security Holders  HTML      7K 
 5: EX-4.2      Instrument Defining the Rights of Security Holders  HTML    131K 
 6: EX-5.1      Opinion of Counsel re: Legality                     HTML     27K 
 7: EX-8.1      Opinion of Counsel re: Tax Matters                  HTML     36K 
 8: EX-10.2     Material Contract                                   HTML    183K 
 9: EX-14.1     Code of Ethics                                      HTML     46K 
10: EX-21.1     Subsidiaries List                                   HTML      7K 
11: EX-23.4     Consent of Expert or Counsel                        HTML      8K 
15: EX-FILING FEES  Exhibit 107                                     HTML     48K 
12: EX-99.1     Miscellaneous Exhibit                               HTML      8K 
13: EX-99.2     Miscellaneous Exhibit                               HTML      8K 
14: EX-99.3     Miscellaneous Exhibit                               HTML      8K

‘EX-10.2’   —   Material Contract

This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]

 

Exhibit 10.2

 

Loan agreement

 

Lender: (Party A) Chun Hong

 

Borrower: (Party B) Zhengzhou Feizhiyue Automobile Sales Co., Ltd

 

I.Party B borrows RMB 2,163,500 from Party A for 36 months, starting from April 29, 2020, to May 13, 2023. The starting date is subject to change, depending on actual date of funding.

 

II.Party B agrees to use its fully owned motor vehicles as collateral, including 5 BYD Ditai and 15 BYD E3.

 

III.Party A has the right to repledge the collaterals to third parties during loan term. Any fees associated with the repledge should be covered by Party B.

 

IV.Xinyang Tanyao Auto Sales Co., Ltd is going to fund the loan on behalf of Party A. Party B shall make monthly payment to the designated account as shown below:

 

Account Name: Chun Hong

Bank Name: Daqing Village Commercial Bank Co., Ltd

Account Number: 6235160005103089166

 

V.Party B agrees to make timely payment and be held liable for any economic damages caused by late payment.

 

VI.This agreement is made in two copies, and each party holds one copy.

 

Lender Signature: Chun Hong

 

Borrower Signature (Seal): Zhengzhou Feizhiyue Automobile Sales Co., Ltd

 

Date: April 28, 2020

 

 C: 

 

 

Repayment Schedule

 

Loan Start Date: 20200429 Loan Maturity Date: 20230427
Repayment Method: Fixed monthly payment Loan Amount: 1,054,000
Origination Fee: 124500 (due on maturity) Interest rate (monthly): 0.5%

 

Loan Schedule

 

Number of
Period		 Payment Due
Date		 Monthly Payment Principal Interest Remaining Balance
1 5/29/2020                  32,064.72                 26,794.72      5,270.00           1,027,205.28
2 6/29/2020                  32,064.72                 26,928.70      5,136.03           1,000,276.58
3 7/29/2020                  32,064.72                 27,063.34      5,001.38              973,213.24
4 8/29/2020                  32,064.72                 27,198.66      4,866.07              946,014.59
5 9/29/2020                  32,064.72                 27,334.65      4,730.07              918,679.94
6 10/29/2020                  32,064.72                 27,471.32      4,593.40              891,208.62
7 11/29/2020                  32,064.72                 27,608.68      4,456.04              863,599.94
8 12/29/2020                  32,064.72                 27,746.72      4,318.00              835,853.21
9 1/29/2021                  32,064.72                 27,885.46      4,179.27              807,967.76
10 2/28/2021                  32,064.72                 28,024.88      4,039.84              779,942.88
11 3/29/2021                  32,064.72                 28,165.01      3,899.71              751,777.87
12 4/29/2021                  32,064.72                 28,305.83      3,758.89              723,472.03
13 5/29/2021                  32,064.72                 28,447.36      3,617.36              695,024.67
14 6/29/2021                  32,064.72                 28,589.60      3,475.12              666,435.07
15 7/29/2021                  32,064.72                 28,732.55      3,332.18              637,702.53
16 8/29/2021                  32,064.72                 28,876.21      3,188.51              608,826.32
17 9/29/2021                  32,064.72                 29,020.59      3,044.13              579,805.73
18 10/29/2021                  32,064.72                 29,165.69      2,899.03              550,640.03
19 11/29/2021                  32,064.72                 29,311.52      2,753.20              521,328.51
20 12/29/2021                  32,064.72                 29,458.08      2,606.64              491,870.43

 

 C: 

 

 

21 1/29/2022                  32,064.72                 29,605.37      2,459.35              462,265.06
22 2/28/2022                  32,064.72                 29,753.40      2,311.33              432,511.67
23 3/29/2022                  32,064.72                 29,902.16      2,162.56              402,609.50
24 4/29/2022                  32,064.72                 30,051.67      2,013.05              372,557.83
25 5/29/2022                  32,064.72                 30,201.93      1,862.79              342,355.89
26 6/29/2022                  32,064.72                 30,352.94      1,711.78              312,002.95
27 7/29/2022                  32,064.72                 30,504.71      1,560.01              281,498.24
28 8/29/2022                  32,064.72                 30,657.23      1,407.49              250,841.01
29 9/29/2022                  32,064.72                 30,810.52      1,254.21              220,030.50
30 10/29/2022                  32,064.72                 30,964.57      1,100.15              189,065.93
31 11/29/2022                  32,064.72                 31,119.39         945.33              157,946.53
32 12/29/2022                  32,064.72                 31,274.99         789.73              126,671.55
33 1/29/2023                  32,064.72                 31,431.36         633.36                 95,240.18
34 2/28/2023                  32,064.72                 31,588.52         476.20                 63,651.66
35 3/29/2023                  32,064.72                 31,746.46         318.26                 31,905.20
36 4/29/2023                  32,064.72                 31,905.20         159.53                           0.00

 

 C: 

 

 

Repayment Schedule

 

Loan Start Date: 20200515 Loan Maturity Date: 20230513
Repayment Method: Fixed monthly payment Loan Amount: 1,109,500
Origination Fee: 130000 (due on maturity) Interest rate (monthly): 0.5%

 

 

Loan Schedule

 

Number of
Period		 Payment Due
Date		 Monthly Payment Principal Interest Remaining Balance
1 6/15/2020        33,753.14         28,205.64      5,547.50          1,081,294.36
2 7/15/2020        33,753.14         28,346.67      5,406.47          1,052,947.69
3 8/15/2020        33,753.14         28,488.40      5,264.74          1,024,459.29
4 9/15/2020        33,753.14         28,630.84      5,122.30             995,828.45
5 10/15/2020        33,753.14         28,774.00      4,979.14             967,054.45
6 11/15/2020        33,753.14         28,917.87      4,835.27             938,136.58
7 12/15/2020        33,753.14         29,062.46      4,690.68             909,074.13
8 1/15/2021        33,753.14         29,207.77      4,545.37             879,866.36
9 2/15/2021        33,753.14         29,353.81      4,399.33             850,512.55
10 3/15/2021        33,753.14         29,500.58      4,252.56             821,011.97
11 4/15/2021        33,753.14         29,648.08      4,105.06             791,363.89
12 5/15/2021        33,753.14         29,796.32      3,956.82             761,567.57
13 6/15/2021        33,753.14         29,945.30      3,807.84             731,622.27
14 7/15/2021        33,753.14         30,095.03      3,658.11             701,527.24
15 8/15/2021        33,753.14 $30,245.50      3,507.64             671,281.74
16 9/15/2021        33,753.14         30,396.73      3,356.41             640,885.01
17 10/15/2021        33,753.14         30,548.71      3,204.43             610,336.29
18 11/15/2021        33,753.14         30,701.46      3,051.68             579,634.84
19 12/15/2021        33,753.14         30,854.97      2,898.17             548,779.87
20 1/15/2022        33,753.14         31,009.24      2,743.90             517,770.63

 

 C: 

 

 

21 2/15/2022        33,753.14         31,164.29      2,588.85             486,606.34
22 3/15/2022        33,753.14         31,320.11      2,433.03             455,286.24
23 4/15/2022        33,753.14         31,476.71      2,276.43             423,809.53
24 5/15/2022        33,753.14         31,634.09      2,119.05             392,175.44
25 6/15/2022        33,753.14         31,792.26      1,960.88             360,383.17
26 7/15/2022        33,753.14         31,951.22      1,801.92             328,431.95
27 8/15/2022        33,753.14         32,110.98      1,642.16             296,320.97
28 9/15/2022        33,753.14         32,271.53      1,481.60             264,049.44
29 10/15/2022        33,753.14         32,432.89      1,320.25             231,616.54
30 11/15/2022        33,753.14         32,595.06      1,158.08             199,021.49
31 12/15/2022        33,753.14         32,758.03         995.11             166,263.45
32 1/15/2023        33,753.14         32,921.82         831.32             133,341.63
33 2/15/2023        33,753.14         33,086.43         666.71             100,255.20
34 3/15/2023        33,753.14         33,251.86         501.28               67,003.34
35 4/15/2023        33,753.14         33,418.12 $335.02               33,585.21
36 5/15/2023        33,753.14         33,585.21         167.93                         0.00

 

 C: 

 

Dates Referenced Herein

This ‘F-1’ Filing    Date    Other Filings
5/13/23None on these Dates
Filed on:9/14/22
4/29/20
4/28/20
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