LOAN AGREEMENT
Exhibit 7.10
| Party A (Borrower): | LIN Shuipan |
| Party B (Lender): | XXXX Xxxxxx |
| 1. | Party A and Party B agree that due to the fact that Party B has not extended any loan to Party A in accordance with the Loan Note by and between Party A and Party B dated as of February 25, 2014, such Loan Note shall be terminated and have no legal effect and shall be replaced by this Loan Agreement. |
| 2. | Party B agrees to lend Party A US$7,500,000 in cash. Party B shall be obligated to deposit said amount into a bank account located outside the People’s Republic of China designated by Party A on or before June 20, 2014. |
| 3. | Term of the Loan: From June 20, 2014 to June 20, 2015. |
| 4. | Loan Interest: 8.5% per annum, and the total amount of interest shall be US$637,500. |
| 5. | Payment: The principal and interest of the loan shall be repaid in lump sum in cash by June 20, 2015. |
| 6. | Applicable Law: This Loan Agreement will be governed by and construed in accordance with the laws of the Hong Kong Special Administrative Region of the People’s Republic of China. |
| 7. | This Loan Agreement is in two originals with each Party holding one original. |
Party A: /s/ LIN Shuipan
Party B: /s/ XXXX Xxxxxx
Date: June 3, 2014
