ENGLISH TRANSLATION FOR CONVENIENCE ONLY. NOT AN OFFICIAL TRANSLATION] Loan Agreement
Exhibit 10.1
[ENGLISH TRANSLATION FOR CONVENIENCE ONLY.
NOT AN OFFICIAL TRANSLATION]
Party A: REN Xiaoheng
Party B: Beijing Zhongtulian Culture & Education Development Center
| 1. | The Loan |
To support Party B’s need of business development, Party A hereby voluntarily lends to Party B the proceeds of XXX 00 Xxxxxxx (¥10,000,000.00) obtained from the transfer of the 5% equity in Beijing Zhongtulian Culture & Education Development Center to be used in Party B’s business development and specifies that Party B’s bank account shall be the account into which the aforementioned amount will be wired.
| 2. | Repayment of the Loan |
| (1) | Party A agrees that Party B will repay the aforementioned loan in installments at such times it deems convenient. |
| (2) | Party A and Party B agree that the interest rate on the aforementioned loan is 6%. |
| (3) | Party B promises that it will repay the aforementioned loan as soon as possible when circumstances allow. |
| 3. | Others |
| (1) | This agreement shall become effected after it is signed by both Party A and Party B; |
| (2) | This agreement is in duplicates, with one to each party. |
Party A: /s/ REN Xiaoheng
December 15, 2013
Party B: /s/ Beijing Zhongtulian Culture & Education Development Center
December 15, 2013
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