Supplemental Loan Agreement between Shandong Longkong Travel Development Co., Ltd and Yishui Underground Fluorescent Lake Travel Development Co., Ltd

Contract Categories: Business Finance › Loan Agreements
Summary

This agreement extends the repayment deadline for loans totaling RMB 5,620,000 from Shandong Longkong Travel Development Co., Ltd to Yishui Underground Fluorescent Lake Travel Development Co., Ltd until December 25, 2010. The borrower must repay the loans by the new date, and any further changes to the loan terms will require mutual agreement. No interest will be charged on these loans going forward, and any interest already paid will not be refunded. The agreement is effective upon signing and sealing by both parties.

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EX-10.35 39 exhibit1035.htm SUPPLEMENTAL LOAN AGREEMENT exhibit1035.htm
Exhibit 10.35
 
Supplemental Agreement of Loan Agreement

Party A:  Shandong Longkong Travel Development Co., Ltd
 
Party B: Yishui Underground Fluorescent Lake Travel Development Co., Ltd

1. Considering the strategic cooperation relation, both parties reach this agreement through consultations; Both Parties agree that: Till to the date of 26-12-2009, all the loans in total amount of 5,620,000.00 (in words RMB Five Million Six Hundred and Twenty-two Thousand Yuan) which Provided by Party A to Party B, the expiration date shall be extended to the date of 25-12-2010; Party B shall get the fund ready as to repay the above loans on time; if any loan term is needed, shall be resolved through consultations.
 
2. The loan which Party A provided to Party B before, shall not be charged the interest; the interest already collected by Party A shall not be returned to Party B.
 
3.  This contract is made out in 2 duplicates, each for both parties; and it shall be effective immediately as it is sealed by both parties.


Party A: (seal)                                  Shandong Longkong Travel Development Co., Ltd (sealed) [company chop]
 
Legal Representative: (seal)          Zhang Shanjiu (sealed)

Party B: (seal)                                  Yishui Underground Fluorescent Lake Travel Development Co., Ltd (sealed) [company chop]

Legal Representative: (seal)          Li Hongwei (sealed)