Loan Agreement between Lin Tan and Dollar Come Investments Limited dated May 6, 2008
Lin Tan agrees to lend Dollar Come Investments Limited $5 million at an annual interest rate of 8%. The loan is short-term, with a maximum term of two years, and interest payments are due quarterly. Lin Tan will transfer the full loan amount to Dollar Come Investments Limited within three days of signing the agreement. Both parties have signed and dated the agreement on May 6, 2008.
Exhibit 10.1
English Translation of Loan Agreement
Party A: Lin Tan
Party B: Dollar Come Investments Limited
Whereas, Party B is in urgent need of working capital and Party A is willing to provide a short-term loan to Party B.
Now therefore, after friendly consultation, the Parties agree as follows:
I.
Amount and Interest Rate
Party A shall provide a loan of US$5 million to Party B at the annual interest rate of 8%. The payment of interest shall be made on a quarterly basis and the term of the loan shall not exceed two years.
II.
Miscellaneous
Party A shall wire the total amount of US$5 million to Party B’s designated bank account within three days after the execution of this Agreement.
This Agreement may be executed in two counterparts held by each party.
Party A:
/s/ Lin Tan
Li Tan
Party B:
/s/ Lihui Song (Authorized Representative)
Dollar Come Investments Limited
Date: May 6, 2008
