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Exhibit 10.20
 
Loan Agreement
 
(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.
 
1,
Party B lends Party A RMB 11.05 million and shall deliver the full amount to
Party A by March 31, 2009.
2,
Loan Interest: no interest.
3,
Loan period: April 1, 2009 through April 21, 2009.
4,
This agreement takes effect on March 30, 2009. This agreement has two original
copies, and each party holds one original copy.

 
Party A : Shanghai Yudong Logistics Co., Ltd. [Company seal]
 
Party B: Shandong Jiajia International Freight Forwarding Co., Ltd. Shanghai
Branch [Company seal]