English Translation of Loan Agreement
Exhibit 10.1
English Translation of Loan Agreement
Party A: Xxx Xxx
Party B: Dollar Come Investments Limited
Whereas, Party B is in urgent need of working capital and Party A is willing to provide a short-term loan to Party B.
Now therefore, after friendly consultation, the Parties agree as follows:
I.
Amount and Interest Rate
Party A shall provide a loan of US$5 million to Party B at the annual interest rate of 8%. The payment of interest shall be made on a quarterly basis and the term of the loan shall not exceed two years.
II.
Miscellaneous
Party A shall wire the total amount of US$5 million to Party B’s designated bank account within three days after the execution of this Agreement.
This Agreement may be executed in two counterparts held by each party.
Party A:
/s/ Xxx Xxx
Xx Xxx
Party B:
/s/ Lihui Song (Authorized Representative)
Dollar Come Investments Limited
Date: May 6, 2008