LOAN AGREEMENT
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
