Exhibit 10.1
Yida (Fujian) Tourism Group Limited Loan Agreement
Borrower/Party A: Yida (Fujian) Tourism Group Limited
Lender/Party B: China Minsheng Banking Corp, Ltd., Fuzhou Branch
Type of loan: Mid-term loan
Amount of loan: RMB 70 million
Purpose of loan: Tourism destination development and construction
Loan period: 33 months
Interest: 11.97% per annum
Repayment schedule:
| Repayment date | Repayment amount (￥RMB million) |
| 3/20/2012 | 0 |
| 6/20/2012 | 1 |
| 9/20/2012 | 2 |
| 12/20/2012 | 3 |
| 3/20/2013 | 4 |
| 6/20/2013 | 5 |
| 9/20/2013 | 6 |
| 12/20/2013 | 7 |
| 3/20/2014 | 8 |
| 6/20/2014 | 9 |
| 9/20/2014 | 10 |
| 11/20/2014 | 15 |
Guaranty: It is secured by credit guarantee of Fujian Jintai, collateralized by the fixed assets of Fujian Yida and personal guarantees by two of the Company’s directors as additional collateral.
Jurisdiction:
Laws of China
Dispute:
If there is any dispute between the parties, either party can resolve the dispute by the courts of Fuzhou City.
Date of the Agreement:
February 20, 2012
