Summary Translation of Loan Agreement for Capital Contribution
Exhibit 10.12
Summary Translation of
Loan Agreement for Capital Contribution
Lender: Chongqing Shenggu Investment Co., Ltd.
Borrower: Chongqing Central BPO Industry Co., Ltd.
1. | Purpose of loan agreement. |
The purpose of the loan agreement is for the Borrower’s capital contribution in the formation of the Lender.
2. | Amount of loan. |
RMB 12,200,000.
3. | Loan term. |
The loan was entered into in April 2013 and is due on demand.
4. | Interest rate and method of payment. |
The loan is interest free.
5. | Repayment Date. |
The loan is due on demand.
6. | Prepayment. |
The loan can be repaid at anytime without penalty.
7. | Guarantee. |
There is no guarantee for the loan.
8. | Non-material terms. |
Because this is an oral loan agreement, no other terms have been omitted from this summary.