Supplemental Loan Agreement
Exhibit 10.2
This agreement is entered into by and between the following parties as of October 15, 2013 in Beijing, China.
Party A: Hebei Zhongding Real Estate Development Co., Ltd.
Party B: Huaxia Huifeng Ventures Capital Management (Beijing) Co., Ltd.
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Article 1.
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Loan Amount
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Both parties agree that, for the purpose of supporting Party B’s development, Party A provides a RMB 170,000,000 loan (the “Loan”) to Party B for the investment of Jiangsu Huaxia Huifeng Telecom Industry Park Development Co., Ltd. (“Xxx Xxxx Park”) and its subsidiaries.
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Article 2.
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Term
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Both parties agree that the term of the Loan shall be from October 15, 2013 to the date October 14, 2014.
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Article 3.
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Interest
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Both parties agree that the Loan shall bare an interest rate 18%.
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Article 4.
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Governing Law and Resolution of Dispute
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This agreement shall be governed by PRC law. Any disputes under this agreement shall be settled at first through friendly consultation between the parties hereto. In case no settlement can be reached through consultation, each party shall have the right to submit such disputes to the people’s court at the place where the plaintiff is domiciled.
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Article 5.
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Effectiveness
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This agreement shall become effective upon the execution by both parties. This agreement shall be executed in duplicate; each parties shall hold one original.
Creditor:
Hebei Zhongding Real Estate Development Co., Ltd.
(Seal)
Authorized Representative or Legal Representative
(Signature)
Borrower:
Huaxia Huifeng Ventures Capital Management (Beijing) Co., Ltd.
(Seal)
Authorized Representative or Legal Representative
(Signature)
