Loan Agreement (Translation)
Exhibit
10.20
(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.
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1,
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Party
B lends Party A RMB 11.05 million and shall deliver the full amount to
Party A by March 31, 2009.
|
|
2,
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Loan
Interest: no interest.
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3,
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Loan
period: April 1, 2009 through April 21, 2009.
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4,
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This
agreement takes effect on March 30, 2009. This agreement has two original
copies, and each party holds one original
copy.
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Party A :
Shanghai Yudong Logistics Co., Ltd. [Company seal]
Party B:
Shandong Jiajia International Freight Forwarding Co., Ltd. Shanghai Branch
[Company seal]