Fujian Jiaoguang Media Co. Loan Agreement
Exhibit 10.40
[English Summary]
Fujian Jiaoguang Media Co. Loan Agreement
Borrower/Party A: Fujian Jiaoguang Media Co.
Lender/Party B: Fujian Haixia Bank, Fuzhou Jinshan Branch
Type of loan: Short-term cash flow loan
Amount of loan: RMB 6 million
Purpose of loan: Payment of copyright
Loan period: 1 year, starts from Nov. 4, 2011 to Nov. 4, 2012
Interest: 9.184% per annum
Repayment schedule: Xxxxxxxx agrees to make lump sum payments on Nov. 4, 2012.
Guaranty: guaranteed by Fujian Jintai Tourism Development Co., Ltd
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:
Nov. 7, 2011
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