Loan Agreement dated October 16, 2010 between China INSOnline and Liu Lu
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EX-10.4 5 ex10_4-f8k09162010.htm LOAN AGREEMENT DATED OCTOBER 16, 2010 ex10_4-f8k10102010.htm
Exhibit 10.4
LOAN AGREEMENT
Party A : China INSOnline Corp.
Party B : Liu Lu （刘璐）(Identity Card no.：130203197805150323)
Whereas Party A demand for operating cashflow and borrow a loan from Party B, both Party A and Party B agree the terms as below:
1. Loan amount: USD One Hundred Thousand for settlement of legal fee.
2. Loan interest: Annual rate at 3%, from the date of borrowing to repayment, both days inclusive. For interest calculation, there is 360 days per year. Loan interest is payable on the repayment of loan.
3. Repayment: On or before December 31, 2010. If Party A could not repay in cash, Party B has right to request the same value of stock issued by Party A. Any delay repayment is subject to late charges of 0.1% per day.
4. This Agreement in duplicate and each party has one.
| Party A: | Party B: | |
| China INSOnline Corp. | Liu Lu （刘璐） | |
| | ||
| /s/Wang Zhenyu | /s/ Liu Lu | |
| October 16, 2010 | October 16, 2010 |
