Loan Agreement between Shaanxi Shuta Wood Products Company Ltd. and Xi'an Hanxin Science & Technology Co. Ltd.

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Summary

Shaanxi Shuta Wood Products Company Ltd. is borrowing RMB 10 million from Xi'an Hanxin Science & Technology Co. Ltd. The loan period is from October 27, 2009, to October 27, 2011, and no interest will be charged. The agreement is effective once both parties sign and will end when the lender receives full repayment. Any disputes will be resolved through negotiation or by taking the matter to the local court.

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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