Common Contracts

4 similar null contracts by China Education Alliance Inc.

CHINA EDUCATION ALLIANCE, INC. 3% CONVERTIBLE SUBORDINATED NOTE DUE SEPTEMBER 30, 2007
China Education Alliance Inc. • June 7th, 2007 • Services-educational services • New York

FOR VALUE RECEIVED, China Education Alliance, Inc., a North Carolina corporation (the “Company”), hereby promises to pay to the order of Barron Partners LP or registered assigns (the “Holder”), the principal amount of one million dollars ($1,000,000) on September 30, 2007 (“Maturity Date”). Interest on the outstanding principal balance shall be paid at the rate of three percent (3%) per annum, payable on the Maturity Date. Interest shall be computed on the basis of a 360-day year, using the number of days actually elapsed. This Note is issued pursuant to a securities purchase agreement dated May 8, 2007, as amended by an amendment dated May 23, 2007, by and among the Company, Barron Partners LP and the other Investors named therein, which agreement, as so amended, is referred to as the “Agreement,” and is the note referred to in the Agreement as the New Note. All terms defined in the Agreement and used in this Note shall have the same meaning in this Note as in the Agreement.

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CHINA EDUCATION ALLIANCE, INC. 3% CONVERTIBLE SUBORDINATED NOTE DUE SEPTEMBER 30, 2007
China Education Alliance Inc. • May 15th, 2007 • Services-educational services • New York

FOR VALUE RECEIVED, China Education Alliance, Inc., a North Carolina corporation (the “Company”), hereby promises to pay to the order of Barron Partners LP or registered assigns (the “Holder”), the principal amount of two million one hundred seventy five thousand dollars ($2,175,000) on September 30, 2007 (“Maturity Date”). Interest on the outstanding principal balance shall be paid at the rate of three percent (3%) per annum, payable on the Maturity Date. Interest shall be computed on the basis of a 360-day year, using the number of days actually elapsed. This Note is issued pursuant to a securities purchase agreement (the “Agreement”) dated May 8, 2007, by and among the Company, Barron Partners LP and the other Investors named therein. All terms defined in the Agreement and used in this Note shall have the same meaning in this Note as in the Agreement.

CHINA EDUCATION ALLIANCE, INC. 3% CONVERTIBLE SUBORDINATED NOTE DUE SEPTEMBER 30, 2007
China Education Alliance Inc. • May 15th, 2007 • Services-educational services • New York

FOR VALUE RECEIVED, China Education Alliance, Inc., a North Carolina corporation (the “Company”), hereby promises to pay to the order of EOS Holdings or registered assigns (the “Holder”), the principal amount of one hundred twenty five thousand dollars ($125,000) on September 30, 2007 (“Maturity Date”). Interest on the outstanding principal balance shall be paid at the rate of three percent (3%) per annum, payable on the Maturity Date. Interest shall be computed on the basis of a 360-day year, using the number of days actually elapsed. This Note is issued pursuant to a securities purchase agreement (the “Agreement”) dated May 8, 2007, by and among the Company, Barron Partners LP and the other Investors named therein. All terms defined in the Agreement and used in this Note shall have the same meaning in this Note as in the Agreement.

CHINA EDUCATION ALLIANCE, INC. 3% CONVERTIBLE SUBORDINATED NOTE DUE SEPTEMBER 30, 2007
China Education Alliance Inc. • May 15th, 2007 • Services-educational services • New York

FOR VALUE RECEIVED, China Education Alliance, Inc., a North Carolina corporation (the “Company”), hereby promises to pay to the order of Hua-Mei 21st Century Partners, LP or registered assigns (the “Holder”), the principal amount of one hundred thousand dollars ($100,000) on September 30, 2007 (“Maturity Date”). Interest on the outstanding principal balance shall be paid at the rate of three percent (3%) per annum, payable on the Maturity Date. Interest shall be computed on the basis of a 360-day year, using the number of days actually elapsed. This Note is issued pursuant to a securities purchase agreement (the “Agreement”) dated May 8, 2007, by and among the Company, Barron Partners LP and the other Investors named therein. All terms defined in the Agreement and used in this Note shall have the same meaning in this Note as in the Agreement.

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