Yida (Fujian) Tourism Group Limited Loan Agreement
Exhibit 10.1
Yida (Fujian) Tourism Group Limited Loan Agreement
Borrower/Party A: Yida (Fujian) Tourism Group Limited
Lender/Party B: China Minsheng Banking Corp, Ltd., Fuzhou Branch
Type of loan: Mid-term loan
Amount of loan: XXX 00 xxxxxxx
Xxxxxxx of loan: Tourism destination development and construction
Loan period: 33 months
Interest: 11.97% per annum
Repayment schedule:
|
Repayment date
|
Repayment amount (￥RMB million)
|
|
3/20/2012
|
0
|
|
6/20/2012
|
1
|
|
9/20/2012
|
2
|
|
12/20/2012
|
3
|
|
3/20/2013
|
4
|
|
6/20/2013
|
5
|
|
9/20/2013
|
6
|
|
12/20/2013
|
7
|
|
3/20/2014
|
8
|
|
6/20/2014
|
9
|
|
9/20/2014
|
10
|
|
11/20/2014
|
15
|
Guaranty: It is secured by credit guarantee of Fujian Jintai, collateralized by the fixed assets of Fujian Yida and personal guarantees by two of the Company’s directors as additional collateral.
Jurisdiction:
Laws of China
Dispute:
If there is any dispute between the parties, either party can resolve the dispute by the courts of Fuzhou City.
Date of the Agreement:
February 20, 2012
