LoanAgreement

EX-10.1 2 akrk_ex101.htm LOAN AGREEMENT akrk_ex101.htm

EXHIBIT 10.1

Loan Agreement

Borrower (Party A): Shaanxi Shuta Wood Products Company Ltd.

Legal Representative: Zhang Yi

Address: Room 021906, Unit 2, Building 1, Wangzuo Time Plaza, Tangyan Road, High Tech Zone, Xi'an, Shaanxi

Loaner (Party B): Xi'an Hanxin Science & Technology Co. Ltd.

Legal Representative: Chen Peng Cheng

Address: 3rd floor, A Tower, Chuangxin Info Building, No.72 Keji Road, High Tech Zone, Xi'an, Shaanxi

Party A and party B have come to the following agreements through negotiations:

1. Amount of the loan shall be RMB10million;

2. The loan period shall be from Oct. 27th, 2009 to Oct. 27th, 2011;

3. The interest of the loan shall not be calculated here;

4. This agreement shall come into effect after signing and sealing of both parties, and shall expire naturally when party B receives all principal and interests;

5. This agreement has two duplicates with equal legal effects; either party shall hold one duplicate;

6. Disputes shall be settled through negotiation, or either party may bring up a lawsuit again the other at the local people's court.

Borrower (seal/signature): Zhang Yi

Date: Oct. 28th, 2009

Loaner (seal/signature): Chen Peng Cheng

Date: Oct. 28th, 2009