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

Shandong Longkong Travel Development Co., Ltd (the lender) agrees to provide a one-year loan of RMB 1,000,000 to Yishui Underground Fluorescent Lake Travel Development Co., Ltd (the borrower) for business operations. The loan carries a monthly interest rate of 0.8% and must be used as working capital. The borrower must repay the principal and interest by the end of the term, with the possibility of extending the loan through mutual agreement. If the borrower fails to repay, the lender may pursue legal action. The agreement is effective upon signing by both parties.

Read More Arrow
EX-10.36 40 exhibit1036.htm LOAN AGREEMENT exhibit1036.htm
Exhibit 10.36
 
LOAN AGREEMENT
 

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 26-4-2010 to 25-4-2011.
 
2.  The loan lending interest rate shall be a monthly 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 RMB1, 000, 000.00 Yuan; in words: RMB One 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 being due, the loan term may be extended by both parties through consultations.
 
Article 3: The contract is made out in 2 duplicates, each for both parties.
 
It shall become effective as signed by both parties.


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


Date:                           24-4-2010