LOANOUT AGREEMENTLoanout Agreement • May 3rd, 2010 • Vlov Inc. • Apparel & other finishd prods of fabrics & similar matl • Nevada
This LOANOUT AGREEMENT (this “Agreement”), dated as of April 27, 2010 (the “Effective Date”), by and between Worldwide Officers, Inc. a California Corporation having its principal location of 6571 Morningside Drive, Huntington Beach, California 92648 (“Lender”), and VLOV, Inc., a Nevada corporation having its principal office at Room 11/F, Xiamen Guanyin Shan International Commercial Operation Centre, A3-2 124, Hubin Bei Road, Siming District, Xiamen, Fujian Province, People’s Republic of China (the “Company”), for the services of Lender’s employee, Bennet P. Tchaikovsky (the “Executive”). The Executive is made a party to this Agreement solely for the purpose of acknowledging Section 4 hereof.
