LoanAgreement (Translation)
EX-10.20 2 chlo_ex10-20.htm LOAN AGREEMENT chlo_ex10-20.htm
Exhibit 10.20
Loan Agreement
(Translation)
Party A (Borrower): Shanghai Yudong Logistics Co., Ltd.
Party B (Lender): Shandong Jiajia International Freight Forwarding Co., Ltd. Shanghai Branch
Both parties have reached a consensus on the following terms and signed this agreement.
| 1, | Party B lends Party A RMB 11.05 million and shall deliver the full amount to Party A by March 31, 2009. |
| 2, | Loan Interest: no interest. |
| 3, | Loan period: April 1, 2009 through April 21, 2009. |
| 4, | This agreement takes effect on March 30, 2009. This agreement has two original copies, and each party holds one original copy. |
Party A : Shanghai Yudong Logistics Co., Ltd. [Company seal]
Party B: Shandong Jiajia International Freight Forwarding Co., Ltd. Shanghai Branch [Company seal]
