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

Summary

This agreement is between Shandong Longkong Travel Development Co., Ltd (Party A) and Yishui Underground Fluorescent Lake Travel Development Co., Ltd (Party B). It states that loans previously provided by Party A to Party B will no longer accrue interest from January 1, 2010, and any interest already paid will not be refunded. Loans without a specified term are now considered to have a one-year term, with repayment required before the term ends unless both parties agree to an extension. The agreement is effective upon signing and sealing by both parties.

EX-10.37 41 exhibit1037.htm SUPPLEMENTAL LOAN AGREEMENT exhibit1037.htm

Exhibit 10.37

Supplementary Agreement of Loan Agreement

Party A: Shandong Longkong Travel Development Co., Ltd

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

Considering the strategic cooperation relation, both parties reach this agreement through consultations; the loan which Party A provided to Party B before, shall not be charged the interest starting from the date of 01-1-2010, the interest already collected by Party A shall not be returned to Party B.

2.	Any loan without a loan term which provided by Party A to Party B, shall be regarded as 1 year term loan; Party shall commence the repayment before the expiration of the loan term, and repay it as scheduled; any loan term extension shall be resolved through consultations between both parties.

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]

		Party B: (seal)

Yishui Underground Fluorescent Lake Travel Development Co., Ltd (sealed)

[company chop]

Date: 31-12-2009