Exhibit 10.1
ENGLISH SUMMARY OF
LOAN AGREEMENT
BORROWER:
Tianjin Yayi Industrial Co.,
Ltd
LENDER
BANK:
Tianjin Rural Cooperative Bank
Kexing Branch
Borrower: Tianjin Yayi Industrial Co., Ltd
Accommodation: Unit C, the 4 th floor, D building,
Xinyuan technical
Postal Code: 300384
Legal Representative: 刘丽
Liu Li
Entrusted Agent:
Responsible Person: 张悦
TEL: 27984058
FAX: 27984358
Name of the Credit bank: Tianjin Rural Cooperative Bank Kexing
Branch
Bank account number: 9170101000010000040384
Lender Bank:
Postal Code: 300384
Legal Representative:
曹力强
Entrusted
Agent:
Responsible Person:
田泽国
TEL: 23859929
FAX:
1
The Lender Bank has agreed to
offer loans subject to terms and conditions hereof.
Article 1:
1.
Loan under the contract, must be used as
working capital
2.
without prior written consent the Borrower may
not change the use of loan which has been defined in the
contract.
Article 2:
The currency type under the contract is
RMB, amount 10,000,000
Article 3:
Loan term under this contract is one year
,from May 22, 2009 to May 21, 2010
Article 4:
Upon conditions of the prerequisites are met in
article eleven of the contract, the lender bank should wire the
loan to the borrower&rsquo
