Loan Agreement dated October 16, 2010 between China INSOnline and Liu Lu

Contract Categories: Business Finance - Loan Agreements
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