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HGSH > SEC Filings for HGSH > Form 8-K on 22-Jul-2013All Recent SEC Filings

Show all filings for CHINA HGS REAL ESTATE INC.



Entry into a Material Definitive Agreement, Financial Statements and E

Item 1.01. Entry into a Material Definitive Agreement.

On July 19, 2013, China HGS Real Estate, Inc. (the "Company") entered into a second amendment (the " Second Amendment") to the original loan agreement dated June 28, 2011 by and between the Company and Mr. Xiaojun Zhu, the CEO, Chairman and major shareholder of the Company (the "Original Loan Agreement"), pursuant to which the Company borrowed US$1.81 million from Mr. Zhu in order to make a required capital contribution to the registered share capital of one of the Company's subsidiaries. On July 19, 2012, the Company and Mr. Xiaojun Zhu entered into a first amendment to the Original Loan Agreement, which extended the term of the loan to June 28, 2013 with the other terms and conditions unchanged. Pursuant to the Second Amendment, the term of the Original Loan Agreement, as amended, was extended for an additional one year period, or until June 28, 2014. The other terms and conditions remain the same.

The foregoing description does not purport to be a complete statement of the parties' rights and obligations under the Second Amendment or the transaction contemplated thereby or a complete explanation of the material terms thereof. The foregoing description is qualified in its entirety by reference to the Second Amendment attached hereto as Exhibit 10.1.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits:

No.     Description
10.1    Loan Amendment Agreement by and between Xiaojun Zhu and China HGS Real
        Estate, Inc. , dated July 19, 2013.

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