Loan Contract
Exhibit 99.6
Loan Contract
Borrower (Party A): Shandong Longkong Travel Management Co., Ltd.
Creditor (Party B): ShanDong YiSheng Guarantee Co., Ltd.
Guarantor (PartyC):
1. Shangjiu Zhang (Id card: 372827195802140518)
2. Xxxxxxx Xxxx (Id card: 372827196304290067)
Pursuant to relevant National laws and regulations, after a sufficient consultation in a basis of equal and won free will. Party A, Party B, Party C entered into this contract and agreed to abide by it.
Borrowing Terms
Article 1: Loan Amount:
The loan amount is RMB: Six Million (6,000,000), the loan interest shall be calculated by month.
Article 2: Loan Term
The loan term is from October 10, 2011 to February 7, 2012, the actual period shall be based on Loan Voucher which is the part of the contract with the same legal enforcement.
|
|
1.
|
Party A shall transfer the principle and interest to Party B’s account in a lump sum or repay in cash.
|
|
|
2.
|
Any event which caused or may cause adverse effect on repaying the loan occurs to Party A, Party B has right to request Party A to repay in advance.
|
Article 4: Breach of Faith and Liability for Breach
One or more of such following events occurs, which shall be regarded as Party A breached the contract, Party A shall bear the liability for the breach:
1. Party A fails to completely carry out any commitment, guarantee, obligation or liability under this contract;
2. Party A or Party C provided false information or hiding material facts;
3. Other events which caused or may cause effect on loan repaying in full amount as scheduled.
4. Party A fails to repay the principle and interest as scheduled in contract, Party B shall charge Party A the compensation at amount of 3% of loan amount every day counting from the loan commencing date, Party has right to raise a lawsuit in a court.
5. Party B has right to take any action stipulated under contract or by laws when Party A breached the contract.
Guarantee Terms
Article 5: Guarantee
|
1.
|
Party C provides the legal and valid Guarantee to Party A in his free will.
|
|
2.
|
Any event which may cause adverse effect on Party A’s right occurred to the Guarantee under this contract, Party A shall provide another legal valid guarantee in time as Party B required, which guarantee shall be approved by Party A.
|
Article 6: Guarantee Type
The guarantee type under this contract is Joint Guarantee.
Article 7；Guarantee Scope
The guarantee scope under this contract shall include: Principle, interest, compound interest, penalty, breach compensation, damage compensation and lawsuit expense, lawyer fee and etc expense related to Party B to realizing creditor’s right, other payable expenses.
Article 8: Guarantee Period
The guarantee period under this contract is Two years starting from the loan term due date and the contract existing period.
Other Provisions
Article 9: Dispute Settlement
Any dispute raise during processing contract period, each party shall try to resolve it by consultation; failing on consultation, it shall be resolved by a lawsuit in the court where Party B’s business address locating at the same area.
Article 10: Become Effectiveness
|
1.
|
This contract shall become effective on the date when each Party sign and seal on the contract (a natural person just sign), Pledge or Pledge Guarantee shall be effective after the necessary registering required by laws and regulation accomplished, relevant provision and contain shall become solid when the contract is signed, become effective on the date of registering accomplished.
|
|
2.
|
This contract is made out 3 duplicate, each for above parties, has the same legal enforcement.
|
|
|
Article 11: Supplemental Provision
|
|
|
__________________________________________________________
|
Creditor has acknowledged Borrower to understand each article of this contract in a complete and accrue manner, has provided the complete explanation as required by Guarantor and borrower. Borrower and Guarantor confirmed that they have no any mis-understanding and objections to this contract.
|
Creditor: (seal)
|
ShanDong YiSheng Guarantee Co., Ltd.
|
(sealed)
|
|
Legal representative or/proxy:
|
(sealed)
|
|
|
Borrower: (seal)
|
Shandong Longkong Travel Management Co., Ltd.
|
(sealed)
|
|
Legal representative or/proxy:
|
Shanjiu Zhang
|
(signed)
|
|
Guarantor 1:
|
Shanjiu Zhang
|
(signed)
|
|
Tel:
|
||
|
Guarantor 2:
|
Xxxxxxx Xxxx
|
(signed)
|
|
Tel:
|
||
|
Date: October 9, 2011
|
