LOAN CONTRACT

EX-10.3 7 exhibit103.htm LOAN CONTRACT exhibit103.htm
Exhibit 10.3
 
LOAN CONTRACT

Party A: (Lender)   Shandong Longkong Travel development Co., Ltd
 
Party B: (Borrower) Yishui Underground Fluorescent Lake Travel Development Co., Ltd

To relieve the financial strain, Party A agrees to provide a Loan to Party B; the loan fund shall be used by Party B for business operating; through consultations, Both Parties agree to sign the contract:
 
Article 1: Description of the loan
 
1.  
The loan term shall be one year starting from 30-11-2009 to 29-11-2010.
 
2.  
The loan lending interest rate shall be a monthly rate at of rate of 0.8%.
 
3.  
The loan shall be used for working capital, Party B shall not change the purpose of the loan.
 
4.  
The loan Amount is RMB12, 000, 000.00 Yuan; in words: RMB Twelve Million Yuan.
 
Article 2: Commitments
 
1.  
The loan is due, Party B commits to repay up. Party B fails to repay the Loan including the principal and interest, Party A may go to laws to recover the loan.
 
2.  
The loan is due, in case of that Party B still has financial strain, the loan may be extended with Party A’s consent.
 
Article 3: The contract is made out in 2 duplicates, each for both parties.
 
 
 
 
 


Party A: (Lender) Shandong Longkong Travel development Co., Ltd     (sealed)
 
Signature:                    /s/ YU XINBO
 
Party B: (Borrower) Yishui Di Xia Ying Kwong Hu Nu You Fa Zhen Co Ltd (sealed)
 
Signature:                    /s/ XU JIAN

Date: 26-11-2009